AUCT-002289 | On Auction

Excellent Investment Property in Rustenburg CBD

Until Our Next Auction
20 August 2024 | 11:00:00 am

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    2024-08-20 11:00:00
    Excellent Investment Property in Rustenburg CBD

    Excellent Investment Property in Rustenburg CBD. Corner of Loop and Van Alphen Street, Rustenburg

    Portion 9 of Erf 122 Rustenburg | Extent: ± 2 085 m² | GBA: ± 1 901 m² - Double storey office block | 31 Parking bays | ± 270 m² Vacant offices | Gross Annual Income (including parking): ± R3 Million | Well tenanted and excellent position

    Rustenburg, North West


    This easily accessible and well positioned commercial building is one of Rustenburg’s CBD Icon properties. The property extent is 2085m2 with a general lettable area of 1901 m2.


    Property Amenities
     Palisade fencing with electric fence along Kotze Street;
     Ground floor parking bays (±13 bays);
     Covered parking bays (±18 bays);
     Additional street parking is provided;
     Two separate automated entrance gates;
     Individual mounted air-conditioning units;
     Alarm system with solar back-up power;
     Water tank with 5,000-liter capacity;
     Double volume entrance covered area;

    Location
    The property is located within the boundaries of the Rustenburg Local Metropolitan Municipality. Rustenburg is an established town in the North-West Province, between Swartruggens (±55km west) and Pretoria (±100km east). Brits is located 55km east.
    The subject property is situated on the south-western precinct of Rustenburg Central Business District at the corner of Loop Street & Van Alphen Street. The parking area is accessed via Kotze Street. The surrounding area includes well-established commercial properties.
    Road access to the property is good and the road infrastructure is well designed and properly maintained. The property has vehicle ingress and egress off Kotze Street. Pedestrian access is via Loop Street and Van Alphen Street

    Investment Details
    Well tenanted building with 12 lettable units and an annual net Rental income R 3,25 Millio offers a sound investment in the heart of Rustenburg. For a full lease schedule, download the relevant brochure via the link provided on this page.
    Commercial Type:
    Commercial Building
    Web Reference:
    AUCT-002289
    List price:
    POA
    Address:
    Corner of Loop and Van Alphen Street, Rustenburg, Bojanala Platinum District Municipality, North West
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    20 August 2024 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Hein Hattingh
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    Hein Hattingh

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